Asset Watch
Tuesday, March 28, 2023
The hotel giant has suffered over the last month, but it showcases a textbook uptrend of higher highs and higher lows. After the rising support line stopped in the intraday slide on Mar. 24, the Hilton closed above its 200-day moving average. As a result, the technical outlook remains constructive.
The 200-day MA also served as resistance during the July, September and October rallies, and after a breakout in November, it became support for roughly a month. Therefore, with the rising support line not far behind the 200-day MA, the risk-reward looks attractive as long as one of these levels holds.
Do you think the Hilton will make a comeback?